walks you through the biggest trends impacting consumer savings and expert opinions on the top strategies to build your personal wealth.
Reporter reveals the location, location, location plus don't want to outlive your retirement savings.But first let's kick things off with a check of the US markets here as stocks are mostly flat. So in an effort to promote industry growth here in America, Biden is raising the rate of the tariffs on certain goods imported to the US from China.Instead of buying from overseas for electric cars, the tariffs would quadruple from about 25% to over 100% on a Chinese made clean energy automobile.
Uh I again, a wide swath of Americans would actually like to drive these and like to own a cheap EV, but I think let's get that because of these policies. Um We're not gonna be able to buy that car or it's gonna cost um I don't know, $24,000 if, if, if the manufacturer would decide, uh you know, that, that's another thing they could do.That's what happened with some of the Trump tariffs is that the tariffs, the tariffs went on, the products kept coming or they went through third party countries.But, um, this is not, it's not gonna affect any product for the most part that people are buying today.
I wanna get personal for the Gen Z, the millennials out there like myself that are trying to figure out, ok, I I'm blocked out from buying it right now. I mean, there, there's been conversation about housing inflation, rents being around, you know, over $2000 you gotta earn a lot to be able to live on your own.And I'm going back to savings retirement as well to put $25 just something to get you moving or because you don't wanna be at Gen X's age or Z's, you know, looking at, I wish I had set aside some money lastly here.
Are people asking you how much of their portfolio they should have exposed to meme stocks at any given juncture, uh, anticipating perhaps, or hoping for a pop like we're seeing.Because there's more risk with the main stocks than there is necessarily with managing inflation. This is the resurgence of me mania if you will, which means all the discussion about fundamentals is it fundamentally fair, overvalued, undervalued?This is much more of a social rebellion than anything else.They are the vessel of that social rebellion.And I think that has a place in all forms of trading and investing.
And because of the rules at the time, it had to be a digital community right now, that's a little bit different.So yeah, the money is different. I think some people want this as an investment, which if you think of it that way, this movement means nothing to you because you're gonna be in it for 123 decades.Well, obviously that a little because you're preparing for it to go to zero.
Now, the home improvement retailer saw a 2.8% drop in sales overall and a 3.2% decline here in the US alone year over year as consumers really pushed off those larger discretionary projects. Here's a look at some of the best renovations for returns first, a garage door replacement that'll cost you roughly $4500 but you'll recoup 194% of those costs.
And this is pretty interesting because just a month ago, Zillow came out with a very similar ranking where they were listing the best ho best housing market for first time home buyers.So we are definitely seeing a pattern here. So I think according to all of this monthly average mortgage payment, we can see that just in the West, you are paying almost sometimes almost double of what you will be paying in the Midwest.
And you know, I think anybody that you talk to is thinking about A I and how Google is going to respond to open A I and Microsoft and their dances over the last three last year.And so that is basically a new type of model that can do uh audio visual and text search. Right now, there's a version of their Gemini model, that ones with Google's A I premium offering, which is $20 a month and a lot of people probably don't want spend that.But this is really the event to watch if you want to know what's going on with A I AND Google this year.Y finances.Well, if you're curious about getting into the crypto market but still wary of the volatility and the safety concerns surrounding owning digital assets.
And so at the end of the day now it's looking more like gold instead of like just printing money over.It's now like gold, a store of value.We have other coins for commercial use application. So let's dive into this because a lot of people are thinking about inflation more presently at the top of mind right now, where are you seeing that eat into retirement accounts at this juncture?What we're trying to do though, even before we tackle the inflation problem, what we wanna do is we wanna make your 401k look more of like our traditional pension plan.
So about half of Americans have a 401k, the majority of assets are now going into target date funds, target date funds.When you're young, they have more growth assets as you get closer to retirement, they have more defensive assets, think of high quality fixed income and inflation protection. What is the biggest mistake that you see clients or, or, or people out there making early on in their retirement, uh, early on in their retirement or in retirement savings in their retirement savings.So um where people where they are able to, we would like them to defer social security if they can.Um One of the second points which is linked to the first is about the longevity of their assets.Social Security is guaranteed for the rest of your life with inflation protection built into it.
They're investing, they're planning more capital outlays, they're planning more investment, they're planning more expansion.That, that, that you just heard uh in your last segment about inflation.Um So we see robust demand, but we also see continued inflation, particularly on the pricing side and the wage side.What are small businesses thinking about the employment situation, the labor market right now, they're still struggling to hire at wages that are affordable.
Um And so there is more competition out there for, for, for workers between big small businesses and other small businesses and between small businesses and big businesses.We, we talk so much about publicly traded companies and how they're deploying capital expenditures towards generative A I and more technology that could help them be more productive and their workforce, I improved productivity there.
But as these technologies get democratized, we see robust demand from small businesses to implement these tools into their day to day.You know, how many of them are anticipating a, a massive shift even post election as we've talked about some of the different funding elements that help small businesses right now and what they're kind of looking out to over the next maybe 4 to 5 years.
Now we see as things settle out, you know, uh verticals like trucking uh are suffering a bit more uh as people shift back to services.We like to see small businesses uh cycle proof their businesses.And that's telling you that there's plenty of plenty of enthusiasm out there for the prospects for small businesses.
Uh That's where we can help you think, help you think through those scenarios, think through what contingency plans you might have in place so that you can react in real time to the situation on the ground. A very likely s so definitely something to watch as chicken tends to drive more consumers as they look for value, but also for some flavor as well.Loblaw boycott hits the halfway mark: Here are 5 things to knowThis dividend stock is still down by 36% in the last year but offers even more growth after taking a year to balance the books. The post Should You Buy This 7% Dividend Stock While it’s Below $6? appeared first on The Motley Fool Canada.
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GameStop stock gains more than 60% as meme-stock market returns with a vengeanceGameStop stock stock surged again early Tuesday, adding to a 74% rise on Monday as meme stocks appear to be back in vogue.
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GameStop stock gains 60% as meme-stock market returns with a vengeanceGameStop stock stock surged again early Tuesday, adding to a 74% rise on Monday as meme stocks appear to be back in vogue.
اقرأ أكثر »
GameStop stock gains nearly 100% as meme-stock market returns with a vengeanceGameStop stock stock surged again early Tuesday, adding to a 74% rise on Monday as meme stocks appear to be back in vogue.
اقرأ أكثر »
GameStop stock gains more than 100% as meme-stock market returns with a vengeanceGameStop stock stock surged again early Tuesday, adding to a 74% rise on Monday as meme stocks appear to be back in vogue.
اقرأ أكثر »